This specific theater was formed on 3 March 1974 within the local community Rotkvarija in Novi Sad, Serbia (then former Yugoslavia).

Under the motto "laughing on your own bill" ("Смех на свој цех", "Smeh na svoj ceh"), this competition between villages and cities took place via articles on pages of Belgrade daily newspaper, as well as via stage performances.

The famous actors of Serbian National Theatre (Ivan Hajtl, Feodor Tapavički, Novak Bilbija, Jelica Hadžić-Bjeli, etc.)

It also launched the editions Tribune of Poetry (Трибина поезије / Tribina poezije) and Mass culture and arts (Масовна култура и уметност / Masovna kultura i umetnost), in which the most important published book was the university textbook Mass communications (Масовне комуникације / Masovne komunikacije) of Dr. Petar Ljubojev (in 1996).

In the edition "Tribune of Poetry", the collections of poems of Mladen Dražetin the "Dream Sorrow" ("Туга сна" / "Tuga sna") (1974) and "After Vagabondage" ("После лутања" / "Posle lutanja") (1981) were published.